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Antitrust

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  • SAN FRANCISCO, Nov 19- Mobile chipmaker Qualcomm Inc on Wednesday gave a more conservative five-year outlook than in the past as it faces an antitrust probe in China and consumers there and in other developing countries buy lower-priced smartphones. China's expanding high-speed 4 G network is driving demand for smartphones with leading-edge technology,...

  • Qualcomm CEO more cautious on future revenue growth Wednesday, 19 Nov 2014 | 11:56 AM ET

    SAN FRANCISCO, Nov 19- Mobile chipmaker Qualcomm Inc gave a more conservative five-year outlook than in the past as it faces an antitrust probe in China and more consumers there and in other developing countries buy lower-priced smartphones. China's expanding high-speed 4 G network is driving demand for smartphones with leading-edge technology, but...

  • Family Dollar delays special shareholders meeting Wednesday, 19 Nov 2014 | 10:57 AM ET

    MATTHEWS, N.C.— Family Dollar is delaying a special meeting at which shareholders were to vote on its $8.5 billion acquisition by Dollar Tree as regulators determine how many stores might need to be divested for antitrust reasons. Dollar General said in a separate statement that is still committed to acquiring Family Dollar and that it is in talks with the FTC...

  • Dollar General may shut more than 4K stores: Report Wednesday, 19 Nov 2014 | 6:46 AM ET
    A shopper loads purchases into his vehicle outside a Dollar General Corp. store in Princeton, Illinois.

    Dollar General may need to divest more than 4,000 stores to win approval from the U.S. Federal Trade Commission for its acquisition of Family Dollar.

  • WASHINGTON, Nov 17- Halliburton Co will have a tough time convincing U.S. regulators to approve its $35 billion deal to buy smaller rival Baker Hughes Inc but could prevail with the right divestitures, antitrust experts said Monday. Halliburton and Baker Hughes, which have already reached out to the U.S. Department of Justice, will argue that the government...

  • WASHINGTON, Nov 17- The U.S. Supreme Court on Monday declined to hear Dean Foods Co's appeal over claims the business conspired to restrict competition for bottled milk in the southeastern United States, forcing the company to face an antitrust suit over the matter. The high court's refusal to intervene means a January ruling by the Cincinnati- based U.S. 6th...

  • Kurt Hallead, RBC Capital Markets, discusses the proposed $67 billion merger between oil behemoths Halliburton and Baker Hughes and the possible antitrust issues it's likely to run into as oil prices head lower.

  • HOUSTON/ NEW YORK Nov 13- Oilfield services provider Baker Hughes Inc said on Thursday it is in preliminary merger talks with its larger rival Halliburton Co, though any potential deal would likely face antitrust concerns. Two people familiar with the matter, who spoke on condition of anonymity, said Halliburton was looking to buy Baker Hughes, in what would be...

  • Nov 13- Oilfield services provider Halliburton Co is in talks to buy rival Baker Hughes Inc, a person familiar with the matter said on Thursday, but any potential deal could run into antitrust concerns. Officials at Baker Hughes and Halliburton, both based in Houston, declined to comment on the talks, which were first reported by Dow Jones and in The Wall Street...

  • SAN FRANCISCO, Nov 5- Qualcomm Inc warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe. China's expanding high-speed 4 G network is driving demand for smartphones with leading-edge technology,...

  • WASHINGTON, Nov 4- The top two lawmakers on the U.S. Senate's antitrust panel have written to regulators expressing concerns about AT&T Inc's plans to buy DirecTV for $48.5 billion, including the impact on three regional sports networks. Senators Amy Klobuchar and Mike Lee, the chair and ranking member of the Senate Judiciary Committee's antitrust...

  • Nov 3- Food distributor Sysco Corp said it did not expect to complete its acquisition of US Foods Inc this year and it was still in talks with U.S. antitrust regulators to secure an approval for the deal. Shares of Sysco, which also reported better-than-expected quarterly sales and profit, fell 3 percent in early trading. Sysco said in December 2013 that it would buy...

  • Nov 3- Food distributor Sysco Corp said it did not expect to complete its acquisition of US Foods Inc this year and it was still in talks with U.S. antitrust regulators to secure an approval for the deal. Sysco said in December 2013 that it would buy US Foods for about $3.5 billion from its private equity owners, including KKR& Co.. Sysco also reported on Monday...

  • Oct 31- Dollar General Corp extended for the second time its tender offer to acquire shares of Family Dollar Stores Inc, as less than 4 percent of Family Dollar's shares had been tendered so far. Family Dollar, which has spurned Dollar General's takeover approaches twice, citing anti-trust concerns, has been pushing for a lower cash-and-stock deal from Dollar...

  • WASHINGTON, Oct 30- Media General Inc has won U.S. antitrust approval to buy LIN Media LLC after agreeing to divest television stations in five markets, the Justice Department said on Thursday. To win government approval for the deal, the companies agreed to sell one station in Birmingham, Alabama, two in Savannah, Georgia, one near Alabama's border with Florida, one...

  • WASHINGTON, Oct 29- Cigarette maker Reynolds American's proposal to buy smaller rival Lorillard Inc presents antitrust regulators with a conundrum: Their mandate is to prevent higher prices because of mergers, but U.S. public policy aims to make cigarettes more expensive to discourage smoking. Reynolds, the No. 2 U.S. cigarette maker, said in July it would buy No. 3...

  • BRUSSELS, Oct 21- European Union antitrust regulators are set to fine JPMorgan, UBS and Credit Suisse collectively over $115 million for rigging Swiss franc LIBOR benchmark interest rates, a person familiar with the matter told Reuters. Royal Bank of Scotland alerted the European Commission to the wrongdoing and so would not be penalized for its own role in the...

  • Deals of the day- Mergers and acquisitions Monday, 20 Oct 2014 | 4:06 PM ET

    **Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....

  • WASHINGTON, Oct 20- The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S. Foods for $3.5 billion. Sysco and U.S. Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide variety of goods from napkins to eggs to cleaning...

  • CHICAGO, Oct 16- The head of a U.S. Senate subcommittee raised concerns in a letter on Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway Ltd and CSX Corp, and called on them both to fully review the antitrust implications of any such deal. "Given recent concerns about shipping delays...